Hot 'Hoods

The most popular Dallas-Fort Worth neighborhoods to buy in for 2020

Buyers are clamoring to live in Grand Prairie.

Photo courtesy of Bungalo

You're probably already familiar with Lake Highlands, Preston Hollow, and Little Forest Hills, but data pulled from the last year has revealed the newest most popular neighborhoods in Dallas-Fort Worth.

Ranked by the percentage of homes that sold above list price, the report was compiled by real estate website and all-in-one home-selling platform Bungalo. Only neighborhoods with 40 or more transactions in the past 12 months were eligible for consideration.

So — drum roll, please — the most popular neighborhood of 2019 was Trailwood, located in Grand Prairie. Homes in the 75052 ZIP code sold for 58 percent above list, with a median closing price of $188,800.

Second and third place are both in Fort Worth: Meadow Creek (76123) at 47 percent above list and a median closing price of $179,000, and Lasater (76131) at 46 percent above and a median price of $218,900.

Fairfield in Arlington (76018) actually tied for third, also at 46 percent, but its median price was much lower at $181,250. Rounding out the top five are Foster Village (76148) in Watauga (45 percent above, median price of $195,000) and Marine Creek Estates (76135), also in Fort Worth with 44 percent above and a median price of $199,000.

What does this mean for house hunters in DFW? That buying in the suburbs is your best bet, especially if there's easy access to downtown.

Even better news is that homes in the hottest neighborhoods across DFW still go for much less than the national median home price of $282,000. You can easily save $100,000 just by buying in Fairfield or Meadow Creek.

reports home-for-sale

GP News

Grand Prairie expands to the south with new master-planned community

Rendering courtesy of Provident

Goodland Grand Prairie

The City of Grand Prairie is growing fast and expanding to make way for a new master-planned development south of US Highway 287 and along Tollway 360, in Ellis and Johnson counties.

The community development, called Goodland, is the result of Grand Prairie’s recent 1,500-acre annexation extending its southern border toward Mansfield. Overall, with the added land, Goodland will be a 5,000-acre site featuring 15,000 residences including townhomes, custom homes, and gated communities for 50,000 residents.

According to a release, it will be a “city within a city” and a 45-minute drive from Dallas-Fort Worth. Beyond housing, there will be shops, restaurants, schools, public and private event venues, regional sports fields and complexes, dance halls, churches, trail systems, city parks, ponds, and preserved green spaces.

“This is a significant step in our city’s development,” says Grand Prairie Mayor Ron Jensen in a statement. “Unlike many of our neighboring cities, we have the unique advantage of new development opportunities to our south that will drive the growth and prosperity of our city. We recognized the opportunity and took decisive action.”

Leading the development is Provident, a Dallas-based real estate firm that has created other master-planned communities across Dallas-Fort Worth, such as Preston Hollow Village and Hillstead in Collin County. Provident has plans to work nature into the space design with more than 1,600 acres of creek corridors and floodplain land.

Plans are ongoing for a centralized mixed-use walkable Town Center, complete with civic buildings and other commercial development. Further south on the property near Highway 67, light industrial uses and other private employment campuses are already underway, projects that will contribute vital tax dollars for city growth and future expansions.

“This level of placemaking is quite rare, and certainly not easy to execute, especially in a brand-new community," says Provident Managing Director Rylan Yowell in a statement. "We are committed to a long-term vision with a desire to be good stewards of the land."

A new four-lane road called Goodland Parkway will link Goodland to Grand Prairie at Tollway 360 and US Highway 287. It's set to open by December 2025.

openings